Downtown San Diego Condos: Fantasy vs Reality

Sometimes fantasty and reality collide.  This may be one of these times.  Take a look at this graph for Downtown San Diego sales statistics.  You will see there is a 44% pricing discrepancy between what is listed for sale as compared to what has actually sold.   I think what this means is that the lower end of the market priced under $450,000 is what is really selling.

We have sold two Downtown San Diego condos last week.  Both units are builder units.  We showed our buyers a plethora of inventory but it turns out that the builders are offering the best pricing, best terms, and best concessions.  Plus from a buyer's standpoint there is a high probability that the sale can close versus waiting and waiting for the short sale lenders to get off their rear ends and get the transaction done.

If you would like to know where some of the best valued inventory is located in Downtown San Diego, call Victoria 619-977-3174.  She is showing units most every day of the week.

This is a series of articles by Sharyn and Victoria Crown, Downtown San Diego real estate agents specialzing in Downtown San Diego condos.  Visit us on  our San Diego Crowns Real Estate  Facebook page.  Text SDCROWN to 87778 to search properties on your mobile phone.